Best Places To Buy Investment Property In Orlando

The red-hot market of Orlando isn’t showing any signs of slowing down, which makes it one of the most attractive places to buy rental properties.

But Orlando is a big city. There are plenty of attractive places to choose from, including:

• Lake Nona
• Winter Park
• Oviedo
• Kissimmee
• Sanford

And more. But not all areas yield a decent investment.

So, let’s go over the best places to buy investment properties in Orlando. We’ll cover important investor-oriented stats, including:

• Population
• Median Sale Price
• Change in Sale Price (year-over-year) 
• Days on Market
• Median Rent
• Renter Occupied Households
• Median Household Income

Let’s get started.

Is Orlando The Best Place To Buy Investment Property?

So, why is Orlando such a good investment market?

Orlando frequently ranks among the top cities to live in. It’s located in Orange County, Florida, where inhabitants enjoy balmy weather, world-class amenities, and a blend of urban and suburban living. What’s more, most tenants live in rentals. 

Orlando investment properties are attractive because of the low cost of living and high-quality of life (beach day, anyone?). It should come as no surprise that tenants from all walks of life will find these features appealing when choosing their homes. 

Orlando is also visited by approximately 70 million people every year, says Visit.com. It’s home to world-famous tourist attractions, like:

• Disney World
• Universal Studios
• SeaWorld
• And more.

Further, Orlando continues to be one of the nation’s strongest markets in part due to the influx of buyers from high-tax and high cost of living areas.

According to the Orlando Regional Realtors Association (ORRA), home sales have increased by almost 50%, and home prices are showing no signs of slowing down. The report from May 2022 shows the median price for a home in Orlando was $379,950, which is a staggering $10,000 increase from April. This figure set a new record for the fourth month in a row!

So, if you’re sold on The City Beautiful, here’s where you might consider investing:

College Park

College Park is a hip neighborhood just outside of Downtown Orlando. It’s known for its abundance of green space, including the ever-popular Dubsdread Golf Course, as well as a burgeoning food scene and endless options for water recreation.

Population: 18,695

Median Sale Price: $657K

Change In Sale Price (Year Over Year): 51.7% (as of May 2022)

Day On Market: 45 days

Median Rent: $1,815

Renter Occupied Households: 33.17%

Median Household Income: $84,471

Lake Nona

This area is, of course, characterized by the beautiful Lake Nona. Modern homes are situated on or near the water, with the USTA National Campus right beside the lake as well. Trendy eateries, outdoor adventure, and public parks only add to the charm.

Population: 12,641

Median Sale Price: $710K

Change In Sale Price (Year Over Year): 42% increase (as of May 2022)

Day On Market: 36 days

Median Rent: $1,912

Renter Occupied Households: 37.63% 

Median Household Income: $88,132

Winter Park

Winter Park is heralded as the most established and renowned neighborhood in Orlando. Tenants enjoy abundant green space, picturesque lake views, and the illustrious Charles Hosmer Morse Museum of American Art.

Population: 29,937

Median Sale Price: $431.5K

Change In Sale Price (Year Over Year): 17.4% increase (as of May 2022)

Day On Market: 36 days

Median Rent: $1,583

Renter Occupied Households: 35.3%

Median Household Income: $77,899

Baldwin Park

Interested in investing in a quiet, tranquil, and highly-desirable area? Baldwin Park is yet another stunning place to explore in Orlando. This neighborhood was home to the former Naval Training Center, but now boasts two lakes, sprawling green space, and plenty of charming retail establishments.

Population: 8,521

Median Sale Price: $647.5K

Change In Sale Price (Year Over Year): 17.2% increase (as of May 2022)

Day On Market: 34 days

Median Rent: $2,129

Renter Occupied Households: 58.62%

Median Household Income: $98,750

Oviedo

Oviedo is located beside the University of Central Florida, which offers an array of potential renters. It boasts plenty of historical architecture (and charm), new developments, and endless options for recreation and entertainment.

Population: 42,724

Median Sale Price: $511K

Change In Sale Price (Year Over Year): 20.1% increase (as of May 2022)

Day On Market: 37 days

Median Rent: $2,120

Renter Occupied Households: 22.16%

Median Household Income: $98,922

Kissimmee

This neighborhood has major appeal, as it’s located right next to the Walt Disney World Resort complex. Tenants enjoy high walkability, natural beauty, and plenty of lake access, including ideal fishing conditions.

Population: 69,615

Median Sale Price: $381K

Change In Sale Price (Year Over Year): 34.1% increase (as of May 2022)

Day On Market: 43 days

Median Rent: $1,700

Renter Occupied Households: 55.53%

Median Household Income: $40,826

To Wrap It Up

So, which market caught your eye? Of course, the right investment location will depend entirely on your investor goals and preferences. Whatever those may be, let’s work together to build your legacy.

Get Started Buying Homes With Evernest

Like much of the real estate investing process, choosing a location is not a one-size-fits-all process. The right area will depend on your resources, goals, and preferences, and there are pros and cons to each and every one. Luckily, you don’t have to go it alone. 

If you’re ready to buy your first (or next) investment property, here are 3 steps to get started today:

• Subscribe to our podcast: The Evernest Real Estate Investor Podcast—for all things real estate investing, being a landlord, growing your portfolio, and more. 
• Find a property: Make sure you sign up for our Pocket Listings to get notified of all the deals that come across our desk daily. 
• Get an investor-friendly agent: We can help with that—we would love to help you buy your next rental property investment.

---